Millionaire Nick Hanauer and Fox News Neil Cavuto

NEW! - Nick Hanauer Speech at TED University (Video & Text) from Thursday, May 17, 2012
http://bud-meyers.blogspot.com/2012/0...

Like many Fox News commentators, Neil Cavuto (worth $23 Million) is also part of the 1%.

Almost half-way into this interview, wealthy investor Nick Hanauer admits that the truly rich only pay 15% in taxes because of capital gains, but Neil Cavuto kept interrupting his guest and talking over him. It appears that Cavuto doesn't want his capital gains taxed more and wants to control the conversation, rather than honestly debate the issue with Nick Hanauer.

Neil used the same old ridiculous argument and told Nick, "If you want to pay more, then write a check right now." Neil Cavuto was very rude. 

Nick replied, "Try using that argument at the next company meeting at Fox News. I've run a lot of companies and once in a while somebody will pop up with this attitude. You know what we do with those people? We fire them. Both because they're useless and because they're poison to the culture."

Neil Cavuto raised the issue that Clinton lowered capital gains, but I also heard Bill Clinton say in a recent interview that he regretted doing that.

* I regretted that Clinton also signed the Gramm-Leach-Bliley Act to de-regulate the banks in 1999.

http://bud-meyers.blogspot.com/2011/0...

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  News & Politics

[natorious76]

Cavuto is a douche

[PreviewSPA]

Fox's interviewer is so freakin' rude. Someone needs to tell him to quit being rude and quit talking over me and allow me to finish at least one frickin sentence. As a listener when he does that time after time I can't understand what is being said by either one of them.

[Steve Faidley]

FOX guy is total IDIOT!!

I thought Nick was a great guy until I researched and found that he runs a sweat shop not a lot better than third world nations. But it is right here in my town, The Lehigh Valley. It is called Amazon.com. Research how they have treated their employees.

He wants more suckers to buy his junk so he can employ more minimum wage workers that are better off on welfare.

NO, I am not on welfare. I am top 5-10% income.

[Chem Icalthirtytwo]

I wish the random Fox news talking head would let him speak for more than 12 seconds at a time.

[deenie1219]

The Fox talking head is a shill and a terrible interviewer.

[51MontyPython]

... into the production of those goods?

[51MontyPython]

... and dependent upon the very productivity/efficiency that gives it it's value in the first place?

Then surely you would also agree with me that if lowering taxes gave more incentive for those companies to hire domestically then it would serve the local economy better in the long run, by giving those prospective workers in said economy more money with which to spend on those goods, especially when the very source of not only the money itself but also the value of that money is tied (cont...

[51MontyPython]

Gee golly bum geez. If you want to have a sensible and cogent debate/discussion with me then you are at least going to have to start making sense.

So you're saying that there is a lack of consumption, which is due at least in part to there being a lack of jobs, and that the lack of jobs is due at least in part to outsourcing?

So you agree with me that outsourcing is bad and that it takes away jobs - ie. money out of the hands of consumers, - money which is intrinsically tied to and (cont...

[57worldwide]

Because, fucktard, you having low taxes on the rich means you are little more than a haven for people that aren't spending their money. If it's cheaper for the rich to employ people in another country, then there will be fuck all domestic consumption of the products the rich profit from, which means the economy there won't be growing. Like, what's happening in the US as labour, services, etc, are outsourced, the middle class is becoming poor whilst the rich become even richer.